{"id":1661,"date":"2021-01-13T06:43:39","date_gmt":"2021-01-13T12:43:39","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-13-1-million-in-fannie-mae-dus-financing-for-multifamily-portfolio-acquisition-in-georgia\/1661\/"},"modified":"2021-01-14T00:43:39","modified_gmt":"2021-01-14T06:43:39","slug":"greystone-provides-13-1-million-in-fannie-mae-dus-financing-for-multifamily-portfolio-acquisition-in-georgia","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-13-1-million-in-fannie-mae-dus-financing-for-multifamily-portfolio-acquisition-in-georgia\/1661\/","title":{"rendered":"Greystone Provides $13.1 Million in Fannie Mae DUS\u00ae Financing for Multifamily Portfolio Acquisition in Georgia"},"content":{"rendered":"<div> The acquisition financing was originated by Greystone\u2019s Keith Hires, Carter King, and Mark Nelson.  <\/p>\n<p>The acquisition financing for <strong>The Carolina<\/strong> is a $6,960,000 Fannie Mae DUS\u00ae loan. The second Fannie Mae DUS\u00ae loan, for $6,160,000 is for <strong>Britain Village<\/strong>. Both have a 10-year term with 5 years yield maintenance followed by 1% prepay. Following two years of interest only payments, the Loans will amortize on a 30-year schedule. The loans are via Fannie Mae&#8217;s Green Rewards Program which provides borrowers committed to energy or water savings with favorable terms.<\/p>\n<p>The Carolina was built in 1970 and the 82-unit garden-style multifamily property features a mix of two-bedroom flats and townhomes with an average unit size of 961 square feet.The neighborhood has a diverse mix of residential and commercial properties.<\/p>\n<p>Britain Village, which was built in 1986, is a 68-unit, apartment community featuring vaulted ceilings, 24-hour access, and on-site parking options.<\/p>\n<p>Both properties are in Lawrenceville, Georgia and near retail shopping areas.<\/p>\n<p>\u201cWe are grateful to have been involved with these properties through past bridge lending. These properties have much to offer the surrounding community and residents,\u201d said Mr. Hires. \u201cWe remain committed to furthering our clients\u2019 opportunities throughout a property\u2019s lifecycle. In this instance, having converted both of these properties from our Bridge program to Fannie Green Rewards loans.\u201d<\/p>\n<p><strong>About Greystone<\/strong><br \/>Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vWzyh4-xZqndPCVmTVRQOXEj_6pUn25_o9EqtMJDuwYYx3crD_jjlgSs3PLqt2CXRG_98wFHvH_Tldj-Q1uZ4B3wjtKS-f9tv0SjIhCXpbtQw2oP0Qh3gyjyWqnEUYdBb7dEzRwyD20lVb25-mXuz1sfuAeKP5tdnjGjbptyg0B5KBuxH7LMwW9daTNg1R0XXjRjZv3od53V9e_PTZpiJbbwYpQfkc3DUt0pS1tW8GM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S7C2cQyQSbk5aJGfSFDsJcRgau6iR0WxXU9jqWDlZo8ObTQ737MEI0v634q0r0vsoVkYd9EgpZ3jtZLCiE8HvyxkwxkHmew7wgdD2H1DI7w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/3d8d40e2-cfa0-4dbd-9ea3-9917d647027d\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Dec. 14, 2020 (GLOBE NEWSWIRE) &#8212; Greystone, a leading private national commercial real estate finance company, has provided two Fannie Mae DUS\u00ae loans totaling $13,120,000 million for the acquisition of two multifamily properties in Lawrenceville, Georgia.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1661"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=1661"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1661\/revisions"}],"predecessor-version":[{"id":1686,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1661\/revisions\/1686"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=1661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=1661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=1661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}